UNITED STATES
            SECURITIES AND EXCHANGE COMMISSION
                 WASHINGTON, D. C. 20549

                         FORM 10QSB

(X)      Quarterly report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the quarterly period ended
MARCH 31, 2000

( )      Transition report pursuant of Section 13 or 15(d) of the
Securities Exchange Act of 1939 for the transition period ____
to______


                COMMISSION FILE NUMBER 000-1109664
                                       ------------

                       RUSSIAN IMPORTS.COM
             -----------------------------------------
       (Exact name of registrant as specified in its charter)


      Nevada                                91-2021602
(State or other jurisdiction of        (IRS Employer ID No.)
incorporation or organization)

827 State Street, Suite 26,
Santa Barbara, CA 93101                 Telephone: 805 899 1299
-----------------------------------------------------------------
        (Address of Principal Executive Offices including
          Registrant's zip code and telephone number)

NONE
--------------------------------------------------------------
Former name, former address and former fiscal year, if changed.

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports,), and (2) has been subject to such filing
requirements for the past 90 days. Yes X         No
                                      ---          ---

The number of shares of the registrant's common stock as of March
31, 2000:     ***** shares.

Transitional Small Business Disclosure Format
(check one):   Yes   No X
                  ---  ---

TABLE OF CONTENTS                                            PAGE
-----------------                                            ----


PART I. FINANCIAL INFORMATION

Item 1.  Financial Statements

(a)      Balance Sheet                                          3
(b)      Statement of Operations                                4
(c)      Statement of Changes in Financial Position             5
(d)      Statement of Shareholders' Equity                      6
(e)      Notes to Financial Statements                          7

Item 2.  Management's Discussion and Analysis
         of Financial Condition and Results of Operations       8

Item 3.  Risks

PART II. OTHER INFORMATION                                      9

Item 1.  Legal Proceedings

Item 2.  Changes in Securities and Use of Proceeds

Item 3.  Defaults On Senior Securities

Item 4.  Submission of Items to a Vote

Item 5.  Other Information

Item 6
(a)      Exhibits
(b)      Reports on Form 8K

SIGNATURES                                                10

FINANCIAL DATA SCHEDULE                                   11

                              2





[CAPTION]

                    RUSSIAN-IMPORTS.COM
               (A DEVELOPMENT STAGE COMPANY)
                        BALANCE SHEETS

                                                    June 30, 2000
                                                    -------------

Assets: ............................................      $  --
                                                          =======
Liabilities - Accounts Payable .....................      $  --
                                                          -------
Stockholders' Equity:
  Common Stock, Par value $.001

    Authorized 100,000,000 shares,
    Issued 1,950,000 shares at June 30, 2000               1,950
  Paid-In Capital ..................................          --
  Retained Deficit .................................
(1,950)
                                                          -------
     Total Stockholders' Equity ....................         --
                                                          -------
     Total Liabilities and

       Stockholders' Equity ........................    $    --
                                                          =======

   The accompanying notes are an integral part of these financial
statements.

                          F-2 <PAGE>







[CAPTION]
<TABLE>
                                RUSSIAN-IMPORTS.COM
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
<S>                                                     <C>              <C>
                                                                         Cumulative
                                                                         Since
                                                                         Inception
                                                 For the period ended    of
                                                 June 30, 2000           Development
                                                  -----------------      Stage
                                                                         ----------

Revenues: ..................................      $         --          $    --

Expenses:

Professional fees                                 $      1,000          $   1,000

General and Administrative Expenses: ....                  950                950

Total  1,950   1,950
                                                         -----           ----------

     Net Loss ..............................       $    (1,950)         $  (1,950)
                                                         -----           ----------

Loss per share .............................       $       --           $      --
                                                         =====           ==========

        The accompanying notes are an integral part of these financial statements.
</TABLE>
                                       F-3 <PAGE>
[CAPTION]
<TABLE>
                                  RUSSIAN-IMPORTS.COM
                               (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF STOCKHOLDERS' EQUITY
                            FOR THE PERIOD ENDED JUNE 30, 2000
<S>                              <C>            <C>          <C>        <C>       <C>
                            Common Stock                  Additional
                            Number of Shares   Amount     Paid in     Retained
                                                          Capital    (Deficit)   Total
                            -----------------  --------   ---------   ---------  -----

Common Stocks issued            1,950,000      $1,950    $  --        $  1,950   $ --

Net loss for
Balance 2/29/2000               1,950,000      $1,950    $  --        $ (1,950)  $ --
                            -----------------  --------   ---------   ---------  -----

              The accompanying notes are an integral part of these financial statements.

                                      F-4 <PAGE>

</TABLE>











[CAPTION]
<TABLE>
                                    RUSSIAN-IMPORTS.COM
                                (A DEVELOPMENT STAGE COMPANY)
                                  STATEMENTS OF CASH FLOWS
<S>                                                      <C>                    <C>

                                                                              Cumulative
                                                                              Since
                                                                              Inception
                                                    For the period ended      of
                                                    June 30, 2000             Development
                                                    --------------------      Stage
                                                                              ------------
CASH FLOWS FROM OPERATING
ACTIVITIES:

Operating Activities
Net Loss ............................................   $(1,950)           $  (1,950)
                                                         -------             ------------
  Net Cash Used provided by operating activities . ...   (1,950)              (1,950)
                                                         -------             ------------
CASH FLOWS FROM FINANCING
ACTIVITIES:

Common stocks issued                                      1,950                1,950

                                                         -------             ------------
Net Cash Provided by

  Financing Activities ..............................    1,950                 1,950
                                                         -------             ------------

Cash and Cash Equivalents
  at Beginning of Period ............................       --                    --
                                                         -------             ------------
Cash and Cash Equivalents

  at End of Period ..................................   $   --               $    --
                                                         =======             ============

   The accompanying notes are an integral part of these financial statements.

                                    F-6 <PAGE>

</TABLE>






















[CAPTION]
                        RUSSIAN-IMPORTS.COM
                  (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO FINANCIAL STATEMENTS
                 FOR THE PERIOD ENDED JUNE 30, 2000

NOTE 1. DESCRIPTION OF THE BUSINESS
Russian-Imports was incorporated under the laws of the state of
California on February 1, 2000. The purpose for which the
Corporation is organized is to engage in any lawful act or
activity for which a corporation may be organized under the
General Corporation Law of the State of California including,
without limitation, to provide sales of imported Russian lacquer
boxes, crystal and matroshka dolls on the Internet.

Russian-Imports has been in the development stage since its
formation on February 1, 2000. Planned principal operations have
only recently commenced since then, but Russian-Imports has not
generated any significant revenue.

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

A. Russian-Imports uses the accrual method of accounting.

B. Revenues and are recognized and recorded when ordered goods
are paid for by credit card. Expenses are realized and recorded
when invoiced.

C. Russian-Imports considers all short term, highly liquid
investments that are   readily convertible, within three months,
to known amounts as cash equivalents. Russian-Imports currently
has no cash equivalents.

D. Primary Earnings Per Share amounts are based on the weighted
average number  of shares outstanding at the dates of the
financial statements. Fully Diluted Earnings Per Shares shall be
shown on stock options and other convertible issues that may be
exercised within ten years of the financial statement dates.
E. Estimates: The preparation of the financial statements in
conformity with   generally accepted accounting principles
requires management to make estimates and assumptions that affect
the amounts reported in the financial statements and accompanying
notes. Actual results could differ from those estimates.

NOTE 3. INCOME TAXES
Russian-Imports has adopted the provisions of SFAS No. 109
"Accounting for Income  Taxes". SFAS 109 requires recognition of
deferred tax liabilities and assets  for the expected future tax
consequences of events that have been included in  the financial
statements or tax returns. Under this method, deferred tax
liabilities and assets are determined based on the differences
between the financial statement and tax basis of assets and
liabilities using enacted tax rates in effect for the year in
which the differences are expected to reverse.  Russian-Imports
has incurred losses that can be carried forward to offset future
earnings if conditions of the Internal Revenue Codes are met.

Russian-Imports shares office space and telephone services of the
President of Russian-Imports at no charge.

NOTE 5. FISCAL YEAR END. Russian-Imports's fiscal year end is
December 31st.

NOTE 6. RELATED PARTY TRANSACTIONS. Russian-Imports issued
unregistered common stock to its President, in exchange for
services as President, Secretary and Treasurer, and to non
management consultants and employees in exchange for their
services. The issuance of shares were recorded at their fair
market value of par value. This is deemed appropriate, rather
than recording the issuance of shares at the offering price,
since Russian-Imports's shares have no current book value.

3.  OTHER MATTERS

AMENDMENT TO ARTICLES OF INCORPORATION: The Company originally
issued  1,077,000 common shares of stock, when the Company was
acting as its own  transfer agent. However, the Company's new
transfer agent refused to  recognize the issue of 77,000 of the
1,077,000 common shares of stock, due to the fact that the
Company's articles of incorporation had not been amended to
provide for an increase in capital. On March 1, 1999, the Company
amended its  articles of incorporation to authorize capital of
20,000,000 common shares. Since the filing of this amendment was
delayed, this resulted in a  a difference between the shares
outstanding on December 31, 1998 as shown on the official share
register of the transfer agent and the Company's audited
financial statements.

SUSBEQUENT EVENTS: On November 26, 1999, the Company effected an
8-1 forward split of its common shares of stock, resulting in
outstanding shares of 17,910,120.

                            7


PART I. FINANCIAL INFORMATION

Item 2. Management's Discussion and Analysis of Financial
        Condition and Results of Operations

THIS ANALYSIS CONTAINS FORWARD-LOOKING COMMENTS WHICH ARE BASED
ON CURRENT INFORMATION. ACTUAL RESULTS IN THE FUTURE MAY DIFFER
MATERIALLY.

The Company is engaged in the business of providing sales of
computer related software and related services. The Company has
not yet commenced operations, but is in the process of developing
its web site at www.innovative-software.net.

                             8



PART II. OTHER INFORMATION

Item 1.  Legal proceedings                             NONE

Item 2.  Changes in securities and use of proceeds     NONE

Item 3.  Defaults on senior securities                 NONE

Item 4.  Submission of items to a vote                 NONE

Item 5.  Other information                             NONE

Item 6.
 a)      Exhibits                                      NONE
 b)      Reports on 8K                                 NONE

                              9


                          SIGNATURES

In accordance with the requirements of the Securities and
Exchange Act of 1934, the registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.

                                         RUSSIAN-IMPORTS.COM


   Dated: July 25, 2000            By:  Agata Gotova
                                        -------------------------
                                        Agata Gotova, President





   Dated: July 25, 2000            By:  Agata Gotova
                                        -------------------------
                                        Agata Gotova, Chief
                                  Financial Officer

                              10



[TYPE]EX-27
<SEQUENCE>2
[DESCRIPTION]FINANCIAL DATA SCHEDULE


[ARTICLE] 5
[MULTIPLIER] 1

[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-START]                             JAN-01-2000
[PERIOD-END]                               JUN-31-2000
[CASH]                                               0
[SECURITIES]                                         0
[RECEIVABLES]                                        0
[ALLOWANCES]                                         0
[INVENTORY]                                          0
[CURRENT-ASSETS]                                  1000
[PP&E]                                            1000
[DEPRECIATION]                                       0
[TOTAL-ASSETS]                                    1000
[CURRENT-LIABILITIES]                             1000
[BONDS]                                              0
[PREFERRED-MANDATORY]                                0
[PREFERRED]                                          0
[COMMON]                                          2084
[OTHER-SE]                                      (17983)
[TOTAL-LIABILITY-AND-EQUITY]                      1000
[SALES]                                              0
[TOTAL-REVENUES]                                     0
[CGS]                                                0
[TOTAL-COSTS]                                        0
[OTHER-EXPENSES]                                     0
[LOSS-PROVISION]                                  (391)
[INTEREST-EXPENSE]                                   0
[INCOME-PRETAX]                                   (391)
[INCOME-TAX]                                         0
[INCOME-CONTINUING]                               (391)
[DISCONTINUED]                                       0
[EXTRAORDINARY]                                      0
[CHANGES]                                            0
[NET-INCOME]                                      (391)
[EPS-BASIC]                                       (.00)
[EPS-DILUTED]                                     (.00)